Latest Corporate taxes News

FILE - In this July 29, 2020 file photo, a VW ID.4 stands in front of the Frauenkirche on the occasion of a Volkswagen vehicle presentation on the Neumarkt in Dresden, Germany. Germany's Volkswagen is unveiling the ID.4, the battery-powered sport-utility vehicle that is headed for global markets including the United States and China, as the company takes a major step forward in its campaign to make electric cars a mass-market choice. (Sebastian Kahnert/dpa via AP, File)

Germany: 8 more charged in Volkswagen diesel scandal

Sep. 23, 2020 12:03 PM EDT

BERLIN (AP) — German prosecutors said Wednesday they have filed charges against eight more Volkswagen employees accused of involvement in the company's diesel scandal, which saw it sell cars fitted with software that let them cheat on emissions tests. Prosecutors in Braunschweig did not identify the eight,...

FILE - In this Aug. 20, 2020, file photo Democratic presidential candidate former Vice President Joe Biden speaks during the fourth day of the Democratic National Convention at the Chase Center in Wilmington, Del. The former senator and vice president backs an active federal government that he says should support but not constrict private enterprise, and he believes the highest federal tax burden should fall on the wealthiest. (AP Photo/Andrew Harnik, File)

AP EXPLAINS: Biden's sizable but not radical tax plans

Sep. 13, 2020 3:28 PM EDT

ATLANTA (AP) — President Donald Trump describes Democratic challenger Joe Biden as a “tool” of “radical socialists” who are bent on taxing every American business and household into bankruptcy. Some progressives say Biden is a corporate crony who will never address systemic...

Former NatGeo photographer pleads guilty to tax evasion

Aug. 27, 2020 12:55 PM EDT

DOVER, Del. (AP) — A former National Geographic photographer is facing up to five years in federal prison and a fine of $250,000 or more after pleading guilty to tax evasion. Bruce Kevin Fleming of Lewes, Delaware, pleaded guilty Wednesday in federal court in Wilmington to a single count of tax evasion....

FILE - This Wednesday, Feb. 13, 2019 file photo shows part of a 1040 federal tax form printed from the Internal Revenue Service website. On Friday, Aug. 21, 2020, The Associated Press reported on stories circulating online incorrectly asserting that Democratic presidential candidate Joe Biden’s tax rate on a family making $75,000 dollars a year would go from 12% to 25%. A current federal tax rate of 12% applies to families making up to $80,000, or individuals making up to $40,000. That would still apply under Biden, who has vowed publicly not to raise taxes on anyone making less than $400,000.

NOT REAL NEWS: A look at what didn't happen this week

Aug. 21, 2020 4:21 PM EDT

A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these are legit, even though they were shared widely on social media. The Associated Press checked them out. Here are the facts: ____ CLAIM: Biden’s tax rate on a family making $75,000 dollars a year would...

Ex-county commissioner sentenced to prison for tax fraud

Aug. 20, 2020 5:05 PM EDT

WINSTON-SALEM, N.C. (AP) — A former North Carolina county commissioner was sentenced on Thursday to one year and one day in prison after pleading guilty to filing false federal tax returns and failing to file a return, federal prosecutors said. Former Forsyth County commissioner Everette Witherspoon Jr....

Supreme Court halts Idaho online signatures for initiative

Jul. 30, 2020 6:58 PM EDT

BOISE, Idaho (AP) — The U.S Supreme Court on Thursday ruled that an Idaho group must stop collecting online signatures for an education funding initiative for the November ballot. The court ruled in favor of Republican Gov. Brad Little’s request that a district court’s order allowing online...

Appeals court upholds conviction of ex-Washington auditor

Jul. 29, 2020 3:57 PM EDT

TACOMA, Wash. (AP) — A U.S. appeals court on Wednesday upheld the fraud conviction of former Washington state Auditor Troy Kelley. Kelley was convicted of several felonies, including possession of stolen property, lying under oath and tax fraud, in connection with a business he ran more than a decade ago,...